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*****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!

 
Anonymous Coward
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08/29/2010 11:32 PM
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*****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!


Home rental giant crippled by debt, competition from Netflix

Home video rental giant Blockbuster Inc. is preparing to file bankruptcy next month, media reports said today.

The Los Angeles Times is reporting that Blockbuster has told major Hollywood studios that it is their intention to go into a pre-planned bankruptcy in mid-September.

The company, once dominant in the home-video market, has been struggling in recent years with the advent of mail-based services like Netflix and Redbox. The Times is reporting Blockbuster has lost $1.1 billion since the start of 2008 and is $920 million in debt.

The chain operates 3,425 stores in the United States.

[link to www.vancouversun.com]
Anonymous Coward
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08/29/2010 11:33 PM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
Dinosaurs go extinct....
Anonymous Coward
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08/29/2010 11:34 PM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
It's about damn time.

Wonder what'll become of all those buildings? I know of one that was converted to a bank... hmmm scratching
Anonymous Coward
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08/29/2010 11:34 PM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
how is this breaking??????? how?????? could we have something of real importance please????????
Mr. PredictorModerator
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08/29/2010 11:34 PM

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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
they need a government bailout

smellfinge
"If there is a new fascism, it won't come from skinheads and punks; it will come from people who eat granola and think they know how the world should be." - Brian Eno
static void

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08/29/2010 11:35 PM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
So? They are an over-charging piece of shit store. Movie Gallery in my area is also going out of business because they charge fucking $6 a rental and aweful late fees.
Anonymous Coward
User ID: 961432
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08/29/2010 11:37 PM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
Should I check out a ton of videos and "forget" to return them?
Anonymous Coward
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08/29/2010 11:37 PM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
i told them years ago to ad porn, they didnt listen.
telling it straight
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08/29/2010 11:40 PM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
This isn't exactly a surprise. Been expected for months.

Nothing to see here.
Anonymous Coward (OP)
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08/29/2010 11:40 PM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
i remember a few years ago for a few months when they charged a new release DVD rental for over 12$ Canadian!!...they can get fucked for all i care...
Anonymous Coward
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08/29/2010 11:45 PM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
with movie rentals directly from television providers, and Netflix, this is no surprise, and only took this long because some people are too dumb to take advantage of services they don't understand.
Anonymous Coward (OP)
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08/29/2010 11:47 PM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
Blockbuster Stock

[link to money.cnn.com]


It doesn't look that bad...
Anonymous Coward
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08/29/2010 11:49 PM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
This is actually a positive sign for streaming video content. I think one of the major obstacles was video chains like Blockbuster and Hollywood Video. This probably means Netflix will go to more of a streaming content. That is fine with me, I would rather stream all my movies.
Anonymous Coward
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08/30/2010 12:04 AM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
Hardly a surprise.

Their stock went to zero many months ago.
nimbus

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08/30/2010 12:04 AM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
I for one am totally going to miss it. I enjoy physically walking through a store and looking at the movies. Many, many times I came out with movies I didn't even know were out there, just by browsing through the store, and was pleasantly surprised. Staff was always really nice and could make knowledgable recommendations.

I guess I'm old-fashioned.
Anonymous Coward
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United States
09/05/2010 03:37 AM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
I for one am totally going to miss it. I enjoy physically walking through a store and looking at the movies. Many, many times I came out with movies I didn't even know were out there, just by browsing through the store, and was pleasantly surprised. Staff was always really nice and could make knowledgable recommendations.

I guess I'm old-fashioned.
 Quoting: nimbus


In my area, two Hollywood Video stores went out of business about a month ago and there's only one Blockbuster left. The next nearest Blockbuster is 40 miles away.

The only DVD rental place I know of is a Mom&Pop store about six miles away and they'll probably go out of business too.

With competition from the internet, Netflix and Red Box kiosks and DVD's being $5 at the local box stores(Sam's Club, Wal-Mart, K-Mart, Target, Best Buy, Meijer) and grocery stores(Kroger, Dollar General, Family Dollar, Spartan, IGA), no wonder they went out of business.
BackFromTheDead

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09/05/2010 04:08 AM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
If you want a laugh, compare Netflix for mail order movies against the same product blockbuster offers.

One would have to be an idiot to sign up with blockbuster.

And as for their stand alone stores, there is still 1 left in my area. The rest are shuttered. Remember the ego blockbuster had 15 years ago when they'd pickpocket you for having a movie out for an extra day?

Revenge of the customer.

Apparently they failed to buy off enough congressmen and women.
Had they done that, their crap customer service would have earned them taxpayer bailouts, like it has the mega banks.

I won't miss them a bit.
Rabbi Ovadia Yosef:

"The goyim were born only to serve us Jews. Without that, they have no place in the world - only to serve the people of Israel. Why are gentiles needed? They will work, they will plow, they will reap. We will sit like an effendi (a lord or master) and eat.

That is why gentiles were created”

October 18, 2010 as quoted in the Jerusalem Post
Hillcrest

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09/05/2010 04:17 AM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
BB has always sucked
Water always wins. :sun:
Anonymous Coward
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United Kingdom
09/05/2010 04:21 AM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
You adapt to market changes/conditions or you fail. It's quite simple.
Anonymous Coward
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Portugal
09/05/2010 04:24 AM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
Economic dooommm did't stop as they tell us!
Anonymous Coward
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09/05/2010 04:36 AM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
how is this breaking??????? how?????? could we have something of real importance please????????
 Quoting: Anonymous Coward 1069580


i'm with you, AC...who gives a rat's ass about b/b anyway? where i live, they closed roger's video with b/b right behind them. the only one we have left is a local store which carries rockin' videos, both new and some great classics. when we went there last night, we rented 3 movies, 2 of them were new releases and 1 a 7 nighter (all of them blueray) - we paid $12 bucks...thought that was pretty cheap entertainment for a fri. night.

so yeah, still can't understand why this would be breaking.
Anonymous Coward
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09/05/2010 04:49 AM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
You adapt to market changes/conditions or you fail. It's quite simple.
 Quoting: Anonymous Coward 1040464


Someone should tell that to the dinosaurs at the RIAA and MPAA who've been shaking down the web with copyright lawsuits.

They're next.
ZombieSlayer

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09/05/2010 04:53 AM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
Pirate Bay!!
A madman drops a stone in a well, (but) forty wisemen cannot take it out. -Turkish Proverb
Anonymous Coward
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09/05/2010 05:11 AM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
1rof1


good for da pricks!

they made zillions off fukin late fees
Hillcrest

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09/05/2010 05:13 AM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
You adapt to market changes/conditions or you fail. It's quite simple.


Someone should tell that to the dinosaurs at the RIAA and MPAA who've been shaking down the web with copyright lawsuits.

They're next.
 Quoting: Anonymous Coward 707485


+1
Water always wins. :sun:
Irdoooomed

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09/05/2010 05:16 AM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
You adapt to market changes/conditions or you fail. It's quite simple.


Someone should tell that to the dinosaurs at the RIAA and MPAA who've been shaking down the web with copyright lawsuits.

They're next.
 Quoting: Anonymous Coward 707485


As long as the material has production costs there will be those that seek to protect their investment. The only human made institution to survive World War 3 will be those that protect copyrights!

So cockroaches and RIAA and MPAA will survive.
Twenty grand dood, it's a lot of money!

Recently homosexuals have been making anti christian threads. Think about it.
Anonymous Coward
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09/05/2010 05:26 AM
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Re: *****BREAKING!!!***** Blockbuster plans bankruptcy in mid-September!!!!!
Good. I find such amazing original films online anyway (not talking about big known ones as well). I donate to the filmmakers when I can.





GLP